Press Release

Hyundai E&C taking the lead in the blue ocean market based on green energy

Hyundai E&C is leading the green energy market by taking another leap to build an ecofriendly power plant, following nuclear power. On June 24, a ceremony to sign a contract to construct units 5-8 of the Hyundai Green Power Steel Thermal Power Station was held in Intercontinental Hotel in Samseong-dong, Seoul. About 30 officials including Hyundai Green Power CEO Yoon Kyu-han, Hyundai E&C CEO Jung Soo-hyun and Daewoo E&C CEO Seo Jong-uk attended the signing ceremony. The project covers the construction of a thermal power plant which produces electricity by using by-product gases from an integrated steel mill located in Donggok-ri, Dangjin-gun, Chungcheongnam-do. Korea’s primary builder will be in charge of the construction of four units (units 5-8) of a 100 MW turbine. The 520 billion won construction, which will be completed by May 2014, is expected to bring considerable benefits in energy saving and cutting back on green house gases, in that the project is designed to collect by-product gases and heat from blast furnaces, coke facilities and iron making installments as much as possible to use them to supply power to the plant.